{"id":115685,"date":"2024-10-18T20:39:47","date_gmt":"2024-10-18T13:39:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115685"},"modified":"2024-10-18T20:39:47","modified_gmt":"2024-10-18T13:39:47","slug":"spirit-aerosystems-to-furlough-700-workers-as-boeing-strike-continues","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115685","title":{"rendered":"Spirit AeroSystems to furlough 700 workers as Boeing strike continues"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107368566\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Airplane fuselages bound for Boeing&#8217;s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019.<\/p>\n<p>Nick Oxford | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/BA\/\">Boeing<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> supplier <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\"><a href=\"https:\/\/www.cnbc.com\/quotes\/SPR\/\">Spirit AeroSystems<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> will furlough some 700 workers as a <a href=\"https:\/\/www.cnbc.com\/2024\/09\/13\/boeing-workers-strike-reject-contract.html\">strike<\/a> by machinists at the plane maker enters its sixth week, a spokesman for the supplier said Friday.<\/p>\n<p>More than 32,000 Boeing workers walked off the job Sept. 13 after overwhelmingly rejecting a tentative <a href=\"https:\/\/www.cnbc.com\/2024\/09\/23\/boeing-labor-proposal-best-and-final-offer-strike.html\">labor deal<\/a> with Boeing, deepening the aircraft producer&#8217;s financial strain and handing a new challenge to <a href=\"https:\/\/www.cnbc.com\/2024\/08\/08\/new-boeing-ceo-kelly-ortberg.html\">CEO Kelly Ortberg<\/a>, who took the reins just over two months ago.<\/p>\n<p>The temporary furloughs account for about 5% of Spirit&#8217;s U.S. workforce, according to its latest annual filing. Meanwhile, Boeing and the machinist union <a href=\"https:\/\/www.cnbc.com\/2024\/10\/14\/boeing-factory-strike-1-month.html\">remain at an impasse<\/a>, and Spirit is considering deeper cuts. <\/p>\n<p>&#8220;If the strike continues beyond November, we will have to implement layoffs and additional furloughs,&#8221; spokesman Joe Buccino told CNBC on Friday.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Read more CNBC airline news<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Ortberg, who faces investors in his first earnings call next Wednesday, last week announced a series of drastic measures meant to slash costs as the company&#8217;s losses mount, including cutting the workforce by 10%, or about 17,000 people. Boeing is also ending 767 commercial production when orders are fulfilled in 2027 and said its long-delayed 777X wide-body jet won&#8217;t debut until 2026, pushing it back yet another year.<\/p>\n<p>Boeing is in the process of raising debt or equity to <a href=\"https:\/\/www.cnbc.com\/2024\/10\/15\/boeing-equity-debt-raise.html\">increase liquidity<\/a>.<\/p>\n<p>The roughly 700 Spirit workers affected by the 21-day furlough are assigned to the 777 and 767 programs for Boeing, for which Spirit has built up &#8220;significant inventory,&#8221; Buccino said. Spirit workers on Boeing&#8217;s best-selling 737 Max are not affected, he added. Work on all three programs, however, is stalled because of the strike.<\/p>\n<p>Boeing agreed to <a href=\"https:\/\/www.cnbc.com\/2024\/07\/01\/boeing-to-buy-spirit-aerosystems.html\">acquire Spirit<\/a> this summer, but the companies don&#8217;t expect the deal to close until mid-2025. Reuters earlier reported Spirit&#8217;s latest furloughs.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2024\/10\/18\/spirit-aerosystems-furloughs-700-workers.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airplane fuselages bound for Boeing&#8217;s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Nick &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115685\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115685","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115685"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115685\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}